3914 Chippewa Street

St. Louis MO 63116

3128 sq. ft.

5719.43 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Excellent opportunity to add to your portfolio or jump into multifamily investing with this solid all brick 4 family in the heart of South St. Louis! Currently generating strong in place income with rents of $750, $750, $750, and $699 per month, offering immediate cash flow from day one. One is rent paid for BJC and another is paid by DePaul, so your rent is guaranteed. They have agreed to a rental increase of $750 per month if lease is renewed. Recent capital improvements include all new water heaters, and sewer lateral repairs helping reduce future maintenance expenses and improve long-term stability for a new owner. This pitched roof offers low maintenance and is hard to find on 4 families! The property also features a valuable rear parking pad, a highly desirable amenity for tenants in the area. Spacious units with classic South City charm, and strong rental demand make this a great fit for both seasoned investors and house hackers looking to offset their mortgage with rental income. Live in one unit while the others help pay the bills, or add a stabilized multifamily asset to your portfolio. Conveniently located near Civil Life Brewery, Friendly's, and super accessible to everything South City has to offer! Whether you’re looking for steady cash flow, long-term appreciation, or an owner-occupant investment strategy, this property checks all the boxes! This four family is now fully occupied so we are showing with an accepted contract.